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Search Results 0 to 7 of about 8 (some duplicates have been removed)
MSNBC
Dec 29, 2012 12:00am PST
harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> but the president was i
MSNBC
Dec 31, 2012 8:00pm PST
details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the lengtext tha language. and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the pro
MSNBC
Dec 28, 2012 8:00pm PST
ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantive and makes a difference, especially to the most vulnerable americans? >> yeah, i think the two keys that the president laid out are to protect middle class americans from tax increases and to protect families that haven't been able to get back in the workforce, having their unemployment insurance cut off. and if those two things can be done, a lot of the rest can be worked in in the weeks and days to come. we have other deadlines coming up for the debt limit and for the end of the continuing resolution, so i think this is likely to be a bit of a continuing process. but the really immediate stuff, i think they can clearly do. the big choice is going to be republican lea
MSNBC
Dec 28, 2012 12:00am PST
, something that has zero chance of passing the senate. meanwhile, senate minority leader mitch mcconnell knocked heads with reid but also sounded amenable to some kind of deal. >> the so-called senate bill that the majority leader keeps referring to passed with only democratic votes. last night i told the president it would be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. >> but is it just more political posturing? senate majority leader reid returned to the floor to encourage speaker boehner to take the deal president obama offered before boehner tried to pass his disastrous plan b. >> again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself. but again, i guess with the dysfunctional re
MSNBC
Dec 31, 2012 5:00pm PST
minority leader mitch mcconnell and vice president joe biden. here are some of the highlights. the proposed deal is set to raise over $600 billion in revenue through new tax increases on the wealthiest americans. the bush era tax rates would be extended for all single americans with income below $400,000. and couples with income below $450,000. all income above those levels would be taxed at a clinton era top tax rate of 39.6%. and capital gains taxes above those amounts would also be increased to 20% up from 15%. the deal is also said to include a permanent fix for the alternative minimum tax and extends unemployment insurance for another year for two million americans. joining me now from capitol hill is nbc news capitol hill correspondent kelly o'donnell. good evening to you. >> good evening, milissa. >> with the house adjourned for night, what can we expect in terms of real progress tonight if anything at all? >> well, it's an unusual sight for a new year's eve, but there is a lot of activity here. you've got all of the senators who are still meeting and in their offices. there are nego
Search Results 0 to 7 of about 8 (some duplicates have been removed)